About Transfer Times

Electronic transfers

All banks, including Ally, use the
Automated Clearing HouseA computer-based interchange that electronically clears deposits and payments
(ACH) process to transfer funds electronically from one bank to another. It's safe, secure and at Ally, it's free.

Timeline

Transfers usually take 3 business days. However, clearing houses aren't open on the weekends and holidaysClearing houses observe the same holidays as the Federal Reserve.

Federal Reserve Holidays
- New Years
- MLK Jr's Birthday
- Washington's Birthday
- Memorial Day
- Independence Day
- Labor Day
- Columbus Day
- Veterans Day
- Thanksgiving Day
- Christmas Day so that will affect transfer times.

S

M

T

W

T

F

S

Day 1Your transfer is scheduled and sent to the clearing house on the same day. If the transfer was initiated after 7:30 pm ET, we send it to the clearing house on the next business day.

Transfer initiated

Day 2The clearing house routes the transfer and the funds are debited from your account.

Funds sent

Holidays
Clearing houses observe the same holidays as the Federal Reserve.

WeekendsClearing houses are closed on Saturday and Sunday. The process will continue on the next business day.

WeekendsClearing houses are closed on Saturday and Sunday. The process will continue on the next business day.

Day 3The transferred funds are credited to your account and available to you by the end of the day.

Funds received

Funds availability

For incoming Ally transfers, interest starts to accrue as soon as the funds are received on Day 3. However, to help keep you and the bank protected from fraudulent activities, we conduct a risk review of all incoming transfers. During this time, the transferred funds are held until the very end of the day before they're available to you.